The Eastside private waterfront market saw a significant 55% increase in the number of units transacted—from 38 sales in 2013 to 59 in 2014. This was likely driven, in part, to buyers finding more desirable homes here than in areas seeing a lack of availability in the number of homes for sale in other areas such as Lake Sammamish. The desire to be closer to core metro areas and shorter commute times also played a large factor. The average sale price was up 38%, but much of that increase is the result of more sales at the higher end of the market. The cost per waterfront acre and cost per front foot increased a more stable 4% and 3%, respectively. The cost per home square foot increased 27%. All in all, a very nice year for Eastside waterfront.
